The Australian Securities and Investment Commission (ASIC) exerted their power to force 32 Australian companies into liquidation in 2014. This was in order to help 99 of their employees recover more than $1.4 million in entitlements. While many company liquidations are entered into by their directors on their own accord, it can also be forced upon them by an outside … Continue reading ASIC Forces Australian Companies into Liquidation to Recover $1.4 million